Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1831
Sq.Footage
N/A
Beat the market for the return on your investment: this landmark building is in the heart of downtown New Hope, riverfront with bridge views and the best foot and vehicle exposure available. Mixed commercial/residential, the building is fully occupied and has been for years, just collect the rents and make an est. 7% CAP. Recently renovated building needs nothing and has room to grow, a perfect example of investment potential. Two long term commercial tenants anchor the first floor, upstairs are four apartments with longterm tenants. A tidy common area overlooks the Delaware River and the bridge to Lambertville. Approvals were previously granted for a 750 sq ft commercial addition, a re-application for such a project is possible for more commercial sq ft. A great property to capitalize on your arm's length investment, become an owner-occupant, or expand and increase the rent potential and maximize profit. Public water & sewer, gas from the street is separately metered, tenants pay most utilities. Adjacent open space parcel (with sculpture) is owned by bridge commission and is fenced from the public, plenty of buffer for the premium apartment views of the river.
Features & Amenities
Interior
Area & Lot
-
Lot Features
Level, Waterfront
-
Lot Size(acres)
0.15
-
Property Type
Commercial Sale
Exterior
-
Garage
No
-
Construction Materials
Wood Siding
Financial
-
Sales Price
$1,500,000
-
Tax Amount
11480.0
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Location
County
BUCKS
Elementary School
Middle School
High School
Listing Courtesy of Stephen G Darlington , BHHS Fox & Roach-New Hope
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Owner, President, Investment Property Advisor
TheresaKehler
Call Theresa today to schedule a private showing.
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